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3.A. - Page 3 of 10 <br />teacher's salary at $85,000/year would qualify as a low-income household. Additional information on <br />income limits is available on our website. The City will have exceeded its low income housing targets and <br />permitted half of the very low income target (Column E). <br />Figure 1— RHNA Progress for 2014-2022 <br />This success was made possible by a series of plans, policies and programs that encouraged development <br />of all housing, with specific emphasis on affordable housing. Since adoption of the last Housing Element, <br />the City also adopted a series of changes to the Accessory Dwelling Unit ordinance that resulted in a <br />significant increase in construction for small homes that, on average, are naturally affordable. <br />The City did not receive many applications for moderate -income units as most affordable housing funding <br />sources are targeted exclusively for low or very -low income units. As Redwood City offers flexibility, <br />developers have often opted to provide units with deeper affordability levels rather than moderate - <br />income units. The City Council also adopted an Affordable Housing Impact Fee and Inclusionary Housing <br />Ordinance, which substantially increased funding for affordable housing and required market -rate <br />developments to include affordable housing in their projects. Large mixed-use projects like Broadway <br />Plaza and South Main are examples of this affordability mix. The City has also partnered with affordable <br />housing developers to construct 100% affordable projects such as Habitat for Humanity's 612 <br />Jefferson, ROEM's 353 Main or Mid Pen's 707 Bradford. Pending potential projects such as the Sequoia <br />Station development and other Gatekeeper projects have the potential for hundreds of more <br />affordable homes in the next few years, though those projects are in the initial stages of planning and <br />environmental review. <br />Upcoming development projects will likely be important for meeting the next set of RHNA goals. Due to <br />the ongoing Bay Area housing crisis and changes in the way housing need is calculated, Redwood <br />City's draft RHNA allocation for 2023-2031 will be increased to 4,588 total units. Planning for housing in <br />this cycle will be more challenging due not only to the higher RHNA number, but a variety of state law <br />changes, including: <br />• Laws that remove local discretion over housing approvals if RHNA targets are not being met, <br />• Stricter limitations on which sites may be considered suitable for future housing development, <br />and <br />Page 3 of 10 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />5 <br />r (A) RHNA <br />(B) Building * <br />(C) Entitle <br />- <br />(E) Remaining <br />Allotment 2014- Permits <br />Issued <br />Units not yet <br />RHNA when <br />2022 through <br />2020 issued <br />Building <br />Permits <br />forThisCycle <br />entitled units <br />receive permits <br />Very Low <br />r. <br />Income <br />Above <br />• <br />Moderate <br />This success was made possible by a series of plans, policies and programs that encouraged development <br />of all housing, with specific emphasis on affordable housing. Since adoption of the last Housing Element, <br />the City also adopted a series of changes to the Accessory Dwelling Unit ordinance that resulted in a <br />significant increase in construction for small homes that, on average, are naturally affordable. <br />The City did not receive many applications for moderate -income units as most affordable housing funding <br />sources are targeted exclusively for low or very -low income units. As Redwood City offers flexibility, <br />developers have often opted to provide units with deeper affordability levels rather than moderate - <br />income units. The City Council also adopted an Affordable Housing Impact Fee and Inclusionary Housing <br />Ordinance, which substantially increased funding for affordable housing and required market -rate <br />developments to include affordable housing in their projects. Large mixed-use projects like Broadway <br />Plaza and South Main are examples of this affordability mix. The City has also partnered with affordable <br />housing developers to construct 100% affordable projects such as Habitat for Humanity's 612 <br />Jefferson, ROEM's 353 Main or Mid Pen's 707 Bradford. Pending potential projects such as the Sequoia <br />Station development and other Gatekeeper projects have the potential for hundreds of more <br />affordable homes in the next few years, though those projects are in the initial stages of planning and <br />environmental review. <br />Upcoming development projects will likely be important for meeting the next set of RHNA goals. Due to <br />the ongoing Bay Area housing crisis and changes in the way housing need is calculated, Redwood <br />City's draft RHNA allocation for 2023-2031 will be increased to 4,588 total units. Planning for housing in <br />this cycle will be more challenging due not only to the higher RHNA number, but a variety of state law <br />changes, including: <br />• Laws that remove local discretion over housing approvals if RHNA targets are not being met, <br />• Stricter limitations on which sites may be considered suitable for future housing development, <br />and <br />Page 3 of 10 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />5 <br />